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Crypto Custody Firm Fireblocks Launches Web3 Services Suite

Crypto Custody Firm Fireblocks Launches Web3 Services Suite – Fireblocks, a cryptocurrency custody firm, is trying to broaden its customer base by adding new services. The company announced the release of its Web3 suite, which will give consumers additional capabilities in network finance, decentralized finance, and blockchain gaming. The goal of this offering is to give firms creating solutions in these domains with institutional-grade services.

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Stardust,  Animoca Brands, Xternity Games, MoonPay, Wirex, Griffin Gaming, Celsius, and Utopia Labs are among the companies that have already signed up for the service, according to reports.

Decentralized finance exchanges and NTF markets such as Dydx, OpenSea, Rarible, and Uniswap will enable direct access to liquidity for these and other partners.

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The suite had been in development for some time, and the company had given it an early look, providing additional support for decentralized banking apps on top of the now-defunct Terra blockchain, which at the time was the second largest protocol in terms of assets locked.

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The complete suite now supports these services on 35 distinct blockchains, including both EVM and non-EVM projects. While Fireblocks already has a large customer base of over 1,200 institutions and has safeguarded more than $2.5 trillion in digital assets, the launching of these services intends to target a segment of the market which could be difficult to reach.

Fireblocks’ CEO and co-founder Michael Shaulov stated:

“The idea is to essentially provide to this new group of players all of the security armament and capabilities that we’ve established for empowering financial firms to work with crypto.”

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The company had previously stated that play-to-earn, one of the industries that this suite aims to serve, is critical to the gaming industry’s future. On May 4, Fireblocks wrote in a blog post:

“The question is when and how, not if, the next generation of gaming will incorporate NFTs and crypto on some level.”

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